Maybe if I put some numbers in that someone could explain to me why my income increased when I put in an ending inventory...
Begin inventory = 35000
Ending inventory = 51000
Sales receipt = 5000
Cost of goods sold = 3000
Before I put in the Ending inventory amount of 51000, my Income & Adjustment = 110,000
After I put in an Ending inventory amount of 51000 and Sales Receipt of 5000, my Income & Adjustment = 111,600. Should my Income & Adjustment be either 115,000 or 112,000?
